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. >> to sell democrats on the fiscal cliff deal he made with senate republicans. it would keep taxes from rising on 98% of americans but raise rates on families making over $450,000 a year. president obama campaigned for a lower cut off. $250,000. but he claimed victory. >> keep in mind that just last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans. >> reporter: but house speaker john boehner and his gop lawmakers might still not agree. >> the house stands adjourned until noon tomorrow. >> boehner sent house lawmakers home to celebrate the new year without a vote to avoid the fiscal cliff. >> listen, this is disgusting. and everybody involved should be embarrassed. >> off the cliff at midnight the economy could take a hit but senate leaders hope to counter that with a rare, strong, bipartisan vote. house conservatives could still reject the plan and keep america from climbing back up the cliff. i'm steve handelsman, news 4, capitol hill. >> again the senate is expected to vote on those bills sometime late to
. >> to sell democrats on the fiscal cliff deal he made with senate republicans. it would keep taxes from rising on 98% of americans but raise rates on families making over $450,000 a year. president obama campaigned for a lower cut off. $250,000. but he claimed victory. >> keep in mind that just last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans. >> reporter: but house speaker john boehner and his gop lawmakers might...
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the fiscal cliff deal moving the commodity marks as well. let's go a few blocks to the east and go to sharon epperson to the nymex. >> brian, happy new year to you. in oil and metals, we have brent crude prices rallying, pretty much across the board. when you look at the fact that the fiscal cliff deal was averted, and the risk on among the traders, brent crude prices approaching what we may see is a new technical level. above 112 lds a barrel. the next level to watch is $113.25. the 200 moving day moving average for the first time since september, we're looking at a high since september for u.s. oil futures and even gold prices are moving higher here. continuing this when we've seen 12 straight years for positive gains for the gold market. but traders say a key is the close above the 1,682 level. there is a down side to look at, and that is what happened to natural gas prices. natural gas prices hit a high overnight. we've seen heavy volume in a bit of a recovery here in natural gas prices. still, above normal temperatures are forecast for
the fiscal cliff deal moving the commodity marks as well. let's go a few blocks to the east and go to sharon epperson to the nymex. >> brian, happy new year to you. in oil and metals, we have brent crude prices rallying, pretty much across the board. when you look at the fact that the fiscal cliff deal was averted, and the risk on among the traders, brent crude prices approaching what we may see is a new technical level. above 112 lds a barrel. the next level to watch is $113.25. the 200...
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the fiscal cliff deal likely will not help. a despite dodging the cliff technically, the problem deficits increase with the deal and moody's reiterated today a downgrade from them is on the horizon if congress does not come up with a long-term debt reduction plan. and that brings us to our fourth story "outfront," speaker in the hot seat. a message loud and clear to john boehner this week, do not take your party's support for granted. 151 republicans, 151, broke ranks with boehner and voted against the fiscal cliff deal. those republicans include some very powerful figures. eric cantor, kevin mccarthy, second and third highest ranking republicans in the house among them. a new congress is sworn in tomorrow, so boehner facing a crucial vote. whether he gets to continue to be the speaker of the house. will there be a revolt against him or despite some very public failures and the fact he wasn't even at the center of this whole debt deal itself, will he just sail into the speakership any way? this is a pretty, you know, amazing st
the fiscal cliff deal likely will not help. a despite dodging the cliff technically, the problem deficits increase with the deal and moody's reiterated today a downgrade from them is on the horizon if congress does not come up with a long-term debt reduction plan. and that brings us to our fourth story "outfront," speaker in the hot seat. a message loud and clear to john boehner this week, do not take your party's support for granted. 151 republicans, 151, broke ranks with boehner and...
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>> now that we have this fiscal cliff deal, what's the best trade? so, we posed that question to our audience on twitter. here are a up canal of responses. starting with michelle, he said, i would pay the fiscal cliff by purchasing cerner, an it health care stock. it will benefit from obama care. >> i'm with michelle. again, for your "fast money" fans out there, we've talked about cerner for forever. people have shot against it on valuation, but they've shot against it for the last $30. 80 bucks here, i think it goes higher. good call, michelle. nice eye. >> let's stick with health care. matt tweeting, if the current fiscal cliff status puts a boston in the ten-year, then i like life insurers such as met life. we saw a comeback in some of these names. can it build? >> i think it can. met life, all the insurers were up a lot today. if you look at met life, technically it's right up against the down trend line. b.k. technically doesn't like to buy -- >> brian kelly will buy it b, but -- >> if that goes through, it could really test those old 52-week hi
>> now that we have this fiscal cliff deal, what's the best trade? so, we posed that question to our audience on twitter. here are a up canal of responses. starting with michelle, he said, i would pay the fiscal cliff by purchasing cerner, an it health care stock. it will benefit from obama care. >> i'm with michelle. again, for your "fast money" fans out there, we've talked about cerner for forever. people have shot against it on valuation, but they've shot against it for...
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stocks up on fiscal cliff deal. all i want to point out if you look at the numbers and stocks have been up big on the first trading day the last four years, all i'm saying is that is probably the major factor here. back to you. >> i tell you, keep is here on the first day of trading. my true love gave to me a statistic that will blow your mind. listen to this, bob. here you go. if the s&p closes up double digits for the ppreceding year s negative like 2012 and if a left-handed oboe player is playing, the index is una hundred percent of the time in the following year with average gain of 12.5%. you got me there? it looks like we will be up 12.5%. he used to be an independent trader but is beginning a new deal with o'neill securities today. >> thank you very much. thank you very much. >> which means he will be with us. >> that is a good thing. >> as you forecast a look ahead to 2014, what kind of year do you expect? >> i think a better year. economist, strategists are talking about how the economies around the world,
stocks up on fiscal cliff deal. all i want to point out if you look at the numbers and stocks have been up big on the first trading day the last four years, all i'm saying is that is probably the major factor here. back to you. >> i tell you, keep is here on the first day of trading. my true love gave to me a statistic that will blow your mind. listen to this, bob. here you go. if the s&p closes up double digits for the ppreceding year s negative like 2012 and if a left-handed oboe...
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stocks a big rally following the fiscal cliff deal. we have mark sebastian joining us from the pits of the cme. david: chief investment officer. and a senior vice president, bringing us specific stock tips for us. first of all, mark, he said there would be a big rally one way or the other depending on how the cliff deal went. the rally on monday with rumors of a deal, and then a huge rally over 300 points, is this where we rest for a while? there was lots of upward momentum as we closed the rally day. >> the option across the street was something called gamma, sliver out buying futures. i would not too much faith on that. i'll be watching tomorrow to see if he can continue to hold that level in the futures. what a move we saw, there was a big panic on friday after the bell we s&p futures sold off another 12 handles. since that low, the market has rallied over 5% in the futures. that is an incredible move. the vix has lost a full third of its value. what's a set point us toward? decreasing realized volatility. a big pent up demand for a
stocks a big rally following the fiscal cliff deal. we have mark sebastian joining us from the pits of the cme. david: chief investment officer. and a senior vice president, bringing us specific stock tips for us. first of all, mark, he said there would be a big rally one way or the other depending on how the cliff deal went. the rally on monday with rumors of a deal, and then a huge rally over 300 points, is this where we rest for a while? there was lots of upward momentum as we closed the...
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and it was also interesting not only on the fiscal cliff deal. but with sandy relief, cantor went and through them right under the bus. cantor is worried about his position and the donors he has in the new york and new jersey area. it is interesting how quickly he brought the long knives out. i don't think that cantor will organize a coup for this week, personally, partly because anyone who is speaker of the house has to deal with the basic dynamics that john boehner is dealing with. and that is not particularly an attractive position for somebody to be in right now. >> there is fox news -- there is o'reilly and krauthammer, bringing them down even further, saying that the republican house has been neutered. >> you know, if only the white house were this good. and secondly -- >> krauthammer is pretending the house of representatives has disappeared and the president doesn't have to deal with them. >> and also a little bit paranoid to be able to self-diagnose on that. it is not that cantor somehow doesn't want the job. we all know he wants the job
and it was also interesting not only on the fiscal cliff deal. but with sandy relief, cantor went and through them right under the bus. cantor is worried about his position and the donors he has in the new york and new jersey area. it is interesting how quickly he brought the long knives out. i don't think that cantor will organize a coup for this week, personally, partly because anyone who is speaker of the house has to deal with the basic dynamics that john boehner is dealing with. and that...
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the hang seng rose 86. >>> that fiscal cliff deal wasn't all that good news. if a viable plan to shrink the deficit isn't reached in the next few months, the government's credit rating could be at risk. >>> al jazeera may be coming to a tv near you. former vice president al gore sold current tv the channel he co-founded to al jazeera. the plan is to use current's u.s. distribution to broadcast the english news channel. one interesting note, as soon as the deal was announced, time warner cable said he had would drop the channel from their 12 million subscribers. >>> polaroid seems to be developing a new business plan. get it, developing. the company will be opening several retail shops called photo bars where people can come into the store and download and print pictures. they'll be photo tenders to help people out with the process. >>> if you build it, they will buy it. the famous iowa baseball diamond from the iconic baseball movie owe field of dreams" has been sold for $3.4 million. they plan to transform the landmark into 24 youth baseball fields. >>> water
the hang seng rose 86. >>> that fiscal cliff deal wasn't all that good news. if a viable plan to shrink the deficit isn't reached in the next few months, the government's credit rating could be at risk. >>> al jazeera may be coming to a tv near you. former vice president al gore sold current tv the channel he co-founded to al jazeera. the plan is to use current's u.s. distribution to broadcast the english news channel. one interesting note, as soon as the deal was announced,...
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in the meantime, back to the issue of raising the fiscal cliff deal. i want to bring in the head of the fix the debt campaign. maya, give it to us point blank. how would you race it? >> i think the description i gave to your producer doesn't work on a family friendly show. this is pathetic. if there wasn't a moment to fix this problem, i don't know when we will do it. this fiscal cliff meant to replace the bad policies that did too much deficit reduction too quickly. instead, we did an 1 17b8g hour deal, bare minimum, really just the political system at its worse and we need to rise to the fiscal challenges and put in place a sensible plan. otherwise the economy, households, the whole country is continuing to pay a real price for congress and the white house's inability to fix these problems. are it is really disappointing. >> how do we fix it? we showed graphics from what people get for entitlements, versus what they spend. and cross income levels. people that make a hundred thousand a year, 500,000 households as a matter of fact. it seems that everyb
in the meantime, back to the issue of raising the fiscal cliff deal. i want to bring in the head of the fix the debt campaign. maya, give it to us point blank. how would you race it? >> i think the description i gave to your producer doesn't work on a family friendly show. this is pathetic. if there wasn't a moment to fix this problem, i don't know when we will do it. this fiscal cliff meant to replace the bad policies that did too much deficit reduction too quickly. instead, we did an 1...
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what are you doing now that we have a deal on the fiscal cliff, maybe not a best deal of all but a deal nonetheless. >> it's game on. debris with joe. the cyclicals, he talked about the technology names, the industrials, you've got to be involved, cs industries if you're not involved in the appled, the googles, the ebays, get in. >> i have a lot of buyers, weiss, are you with them? >> i am. i don't think we'll see as much volatility from the debt ceiling debates despite what obama said. not because there's not going to be controversy but the markets going to say we got the fiscal cliff despite the rancor. i added a little spike to walter and also added a little to the bonds short and i think that's the play this year. >> we have the virtual dr. j. with us as well. last week for the first time in more than 30 years you had no positions in the market. for those who said we were going to sell on this news, they were wrong at least for today. have you changed your position in the market? >> i don't know if they were wrong on this news. in other words i think we all said, judge, if we get th
what are you doing now that we have a deal on the fiscal cliff, maybe not a best deal of all but a deal nonetheless. >> it's game on. debris with joe. the cyclicals, he talked about the technology names, the industrials, you've got to be involved, cs industries if you're not involved in the appled, the googles, the ebays, get in. >> i have a lot of buyers, weiss, are you with them? >> i am. i don't think we'll see as much volatility from the debt ceiling debates despite what...
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let's look at the fiscal cliff deal. the legislation extends the bush tax era, bush era tax cuts for those individuals making less than $400,000 or if you're married $450,000. estate tax goes up five points to 40%. over $5 million. but would have gone to 55% for anyone over a million dollars. but there is plenty the deal doesn't do. no additional spending cuts immediately. of course we'll do those later. that's nothing -- don't be worry good that. >> we have $110 billion in sequester. >> yeah. >> it gets pushed off to the time -- about the same time -- >> doing this in a month and a half. >> the debt ceiling was not addressed. we'll face mini cliffs. the buttons are going nowhere. involving the debt ceiling, the farm bill expiration and unemployment benefits running out. the markets ended a strong -- we ended strong for the year of 2012. up 166 if you recall on new year's eve even though the fiscal cliff tax dragged on well beyond the 11th hour. futures, as we said, are surging this hour. starting off the new year with a
let's look at the fiscal cliff deal. the legislation extends the bush tax era, bush era tax cuts for those individuals making less than $400,000 or if you're married $450,000. estate tax goes up five points to 40%. over $5 million. but would have gone to 55% for anyone over a million dollars. but there is plenty the deal doesn't do. no additional spending cuts immediately. of course we'll do those later. that's nothing -- don't be worry good that. >> we have $110 billion in sequester....
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. >>> as we all know, last night's fiscal cliff deal was essentially a tax deal. part two is to come now as we set the stage for a new fight on the debt ceiling. we've already really hit the maximum amount the government can borrow giving congress about two months now to raise that ceiling or risk default. last year the fight was brutal. as we all remember, and it led to a u.s. credit downgrade. >> yes, and the president has already said, quote, i will not have another debate with this congress over whether or not they should pay the bills they have already racked up. republicans say they won't consider raising the ceiling again without spending cuts, and on that note joining us now is representative david schweiker, republican from arizona. he voted against last night's deal. representative, welcome. >> hi, kelly. hi, bill. >> as we turn our attention towards the debt ceiling in two month's time, how far are you willing to go to get spending cuts? will you risk a debt default? >> well, first off what, we need to work on our language here. using the word default i
. >>> as we all know, last night's fiscal cliff deal was essentially a tax deal. part two is to come now as we set the stage for a new fight on the debt ceiling. we've already really hit the maximum amount the government can borrow giving congress about two months now to raise that ceiling or risk default. last year the fight was brutal. as we all remember, and it led to a u.s. credit downgrade. >> yes, and the president has already said, quote, i will not have another debate...
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because we just saw with this fiscal cliff deal republicans don't have any power. they don't have any influence. they can't get things done. all the democrats are in charge there. president obama is in charge. if you will blame people for not doing what you want over the past four years it has to be the democrats and the president? >> well i would think the house republicans could beg to differ with that. they seem to think they have a lot of power. melissa: no, they don't. i don't think a single republican would come on and tell you they would feel like they're in power right now. >> seems the president who campaigned on the whole idea that taxes should not, should not be maintained at a lower rate for people over $250,000 a year, he lost that battle. and why did he lose that battle? because house republicans didn't want to see taxes increased on anybody at all. so clearly they do have some power and clearly the president is not totally getting his way. melissa: republicans didn't want to see taxes raised on any one at all and democrats won as of this week, 77% of
because we just saw with this fiscal cliff deal republicans don't have any power. they don't have any influence. they can't get things done. all the democrats are in charge there. president obama is in charge. if you will blame people for not doing what you want over the past four years it has to be the democrats and the president? >> well i would think the house republicans could beg to differ with that. they seem to think they have a lot of power. melissa: no, they don't. i don't think...
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as the paint dries on tuesday's fiscal cliff deal. joining us from new york is peter orszag citigroup's grown banking vice chairman, also the former director of 9 office of management and budget. great to see you. >> good morning. >> before we get into what's happening next i just wanted to get your views on what just happened. are you happy, are you unhappy? >> we've passed the midterm. the final exam is coming up. it's a pass. lots of good things. a permanent amt fix. i'm actually worried this is outside the, you know, political conventional wisdom but i'm worried that we've now locked into a revenue base by making even the middle class tax cuts permanent that doesn't really work in 2020. but that wasn't ever going to be any different. so it's a pass. >> to the extent that that's true are you thinking whatever the next negotiations ultimately become about that there really is a new discussion about new revenue enhancers, new taxes, whether it be a v.a.t. or something else we haven't discussed? >> i think that's the big question. whi
as the paint dries on tuesday's fiscal cliff deal. joining us from new york is peter orszag citigroup's grown banking vice chairman, also the former director of 9 office of management and budget. great to see you. >> good morning. >> before we get into what's happening next i just wanted to get your views on what just happened. are you happy, are you unhappy? >> we've passed the midterm. the final exam is coming up. it's a pass. lots of good things. a permanent amt fix. i'm...
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this is buried in the fiscal cliff deal. you don't know about it unless you scoured the papers today. and the worst, crooked tradition of crony capitalism, tax breaks are littered across this bill for american big business and their fat big lobbyists. as much as $80 billion in tax breaks. you, the ordinary taxpayer are going to have to pay for this nonsense, which is why i want tax reform simplification. let's bring in tim carnie, washington examiner, author of "obamanomics." i read your piece this morning before i got to the washingtll street's journal. i used the word $80 billion but it's supposedly $40 billion in specially targeted tax credits. why is this nonsense still going on? >> i came up with the number more like $75 billion. it's a number of existing tax credits and tax breaks that were supposed to expire at the end of the year along with the fiscal cliff. and late in the negotiations, the white house insisted on keeping many of these tax credits. so what they did is they base -- they copied and pasted a bill that
this is buried in the fiscal cliff deal. you don't know about it unless you scoured the papers today. and the worst, crooked tradition of crony capitalism, tax breaks are littered across this bill for american big business and their fat big lobbyists. as much as $80 billion in tax breaks. you, the ordinary taxpayer are going to have to pay for this nonsense, which is why i want tax reform simplification. let's bring in tim carnie, washington examiner, author of "obamanomics." i read...
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here's my quick take on this whole fiscal cliff deal. you know what? i give it only one cheer out of a possible three. that's because congress averted recession by extending and making permanent nearly all the bush tax cuts. clearly this helped create today's huge rally in stocks. okay, that is good, no recession. and the upper end tax hikes probably turned out to be less onerous than investors feared. but it's not great, virtually no spending cuts. in fact, as the prior segment noted, a 41: 1 ratio of tax revenues to spending cuts is just appalling. besides economic growth, washington has to understand spending is the real problem for deficits and debt. and lastly, why is this country taxing the most productive earnings? investors in small business owners. it's just class warfare nonsense. it reduces incentives for the long run. it's all wrong. i'm for free market economic prosperity, not class warfare. let me just tell you this. taxing rich people, taxing upper end successful earners, you can't tax your way into prosperity. you can't tax your way int
here's my quick take on this whole fiscal cliff deal. you know what? i give it only one cheer out of a possible three. that's because congress averted recession by extending and making permanent nearly all the bush tax cuts. clearly this helped create today's huge rally in stocks. okay, that is good, no recession. and the upper end tax hikes probably turned out to be less onerous than investors feared. but it's not great, virtually no spending cuts. in fact, as the prior segment noted, a 41: 1...
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house republicans were by no means united in favor of the fiscal cliff deal. speaker boehner wanted it past but eric cantor was against it. it turns out the tension goes a lot farther back for two other members of the caucus. it starts with darrell issa who voted against the fiscal cliff. >> i'm with eric cantor. i can't vote for it in its current form. the senate and the president and vice president failed to meet their obligation. their own stated obligation which was to bring us a balanced bill. one that had tax adjustment, yes. but also had spending cuts. this one fails at that and fails badly. >> so enter ohio republican steve latourette who wasn't jazzed but took the plunge and voted yes. >> i went to the same high school as congressman issa but we haven't agreed on much since. >> did you agree in high school? >> i didn't see him a lot in class, so i don't know. >> somehow i doubt they'll show up together at the reunion. one point of agreement, both congressmen suggested that new year's eve was partially to blame for what the senate put together. >> i th
house republicans were by no means united in favor of the fiscal cliff deal. speaker boehner wanted it past but eric cantor was against it. it turns out the tension goes a lot farther back for two other members of the caucus. it starts with darrell issa who voted against the fiscal cliff. >> i'm with eric cantor. i can't vote for it in its current form. the senate and the president and vice president failed to meet their obligation. their own stated obligation which was to bring us a...
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cliff deal. they passed it early this morning and we're going to talk more about that with neil from role call. he is here with the latest on that. thank you for coming in and talking with us. the senate has approved this and now it goes to the house at some point today. what are the odds that we'll be done with this and what are the odds this is good luck to keep going and keep going and keep going? >> what we saw last night as the senate unveiled its plan and voted on the plan in the wee hours of this morning, we've all lost track of time, we were in the capitol when this was going on, the house leadership came out with a statement that said they would consider the legislation. >> that doesn't sound good. >> they also said they were open to the possibility of promptly amending the legislation which would kick it back to the senate to deal with by thursday. and so we may not be out of the woods yet in terms of how this fiscal cliff deal came together and in any event we still haven't seen congre
cliff deal. they passed it early this morning and we're going to talk more about that with neil from role call. he is here with the latest on that. thank you for coming in and talking with us. the senate has approved this and now it goes to the house at some point today. what are the odds that we'll be done with this and what are the odds this is good luck to keep going and keep going and keep going? >> what we saw last night as the senate unveiled its plan and voted on the plan in the...
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finally the financials moving higher as a group after the fiscal cliff deal. genworth with a 14% gain and metlife also a big mover, gaining over 9%. back to you guys. >> thank you, jackie. finishing the trading week, but there's a lot more action ahead here on the "closing bell." >> should the federal budget be run like a household budget, you know, where you spend the same or less than what you take in? why someone who worked in the white house says that's simply not realistic. >> and goldman sachs has done a lot to rehabilitate its reputation, so what did the firm just do that some say just damaged its reputation all over again? that story coming up. it involves taxes. tdd#: 1-800-345-2550 when i'm trading, i'm so into it, tdd#: 1-800-345-2550 hours can go by before i realize tdd#: 1-800-345-2550 that i haven't even looked away from my screen. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that kind of focus... tdd#: 1-800-345-2550 that's what i have when i trade. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and the streetsmart edge trading platform from charles sch
finally the financials moving higher as a group after the fiscal cliff deal. genworth with a 14% gain and metlife also a big mover, gaining over 9%. back to you guys. >> thank you, jackie. finishing the trading week, but there's a lot more action ahead here on the "closing bell." >> should the federal budget be run like a household budget, you know, where you spend the same or less than what you take in? why someone who worked in the white house says that's simply not...
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if this fiscal cliff deal is success, that is not a good way to govern. it's not how to run a rail road. >> gentlemen, thank you for being here. >> thank you. >>> up next, a special farewell to members of congress we won't miss. and one or two we will in the "sideshow." if you want to follow me on twitter, you just need to figure out how to spell smerconish. this is "hardball," the place for politics. [ male announcer ] there are only so many foods that make kids happy. and even fewer that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. >>> back to "hardball." now to the "sideshow." today marks the start of the 113th congress, and that means we bid farewell to departing members. some are leaving by choice, others failed to win their bids for re-election. from the crowd that wanted to come back but last, there's arizona republican ben quayle who brought us this gem of a campaign ad in 2010. >> barack obama is the worst president in histo
if this fiscal cliff deal is success, that is not a good way to govern. it's not how to run a rail road. >> gentlemen, thank you for being here. >> thank you. >>> up next, a special farewell to members of congress we won't miss. and one or two we will in the "sideshow." if you want to follow me on twitter, you just need to figure out how to spell smerconish. this is "hardball," the place for politics. [ male announcer ] there are only so many foods that...
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coming up, a fiscal cliff deal good for businesses? two ceos from two very different companies. ready to voice their concerns and whether they will invest into what the government just did or invest out of it. coming right up. tdd# 1-800-345-2550 you should've seen me today. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it. tdd# 1-800-345-2550 tdd# 1-800-345-2550 since i've switched to charles schwab... tdd# 1-800-345-2550 ...i've been finding opportunities like this tdd# 1-800-345-2550 a lot more easily. tdd# 1-800-345-2550 like today, tdd# 1-800-345-2550 i was using their streetsmart edge trading platform tdd# 1-800-345-2550 and i saw a double bottom form. tdd# 1-800-345-2550 i called one of their trading specialists tdd# 1-800-345-2550 and i bounce a few ideas off of him. tdd# 1-800-345-2550 they're always there for me. tdd# 1-800-345-2550 and i've got tools that let me customize my charts tdd# 1-800-345-2550 and search for pa
coming up, a fiscal cliff deal good for businesses? two ceos from two very different companies. ready to voice their concerns and whether they will invest into what the government just did or invest out of it. coming right up. tdd# 1-800-345-2550 you should've seen me today. tdd# 1-800-345-2550 when the spx crossed above its 50-day moving average, tdd# 1-800-345-2550 i saw the trend. tdd# 1-800-345-2550 it looked really strong. tdd# 1-800-345-2550 and i jumped right on it. tdd# 1-800-345-2550...
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Feb 12, 2013
02/13
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the american people look to the fiscal cliff deal and said, there are no spending cuts if. they are not happy about that in poll after poll. fast if it is time to raise more taxes they say no. we have done that, so this is not a partisan divide. this is about the president being out of touch with the american people recognize which is you raise taxes $600 billion, we still have $7 trillion in the deficits of the next in years which is not a solution. it just does not add up. there has to be another approach. even his allies in congress, the democrats and the senate of very allergic to the notion that more taxes of a solution. gerri: well, pelosi, harry reid. it is amazing to me. the people have had enough of texas, especially when you drolen to obamacare. i need to get you on to a slightly different topic, executive orders. gene sperling defending the president of the use of executive orders. here's what he had to say. >> the president is going to do whatever is best for deliver results. he can do that through executive orders are action, we will do that, but a lot of the b
the american people look to the fiscal cliff deal and said, there are no spending cuts if. they are not happy about that in poll after poll. fast if it is time to raise more taxes they say no. we have done that, so this is not a partisan divide. this is about the president being out of touch with the american people recognize which is you raise taxes $600 billion, we still have $7 trillion in the deficits of the next in years which is not a solution. it just does not add up. there has to be...
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Jan 7, 2013
01/13
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tell us about the fiscal cliff deal. does that actually improve the attractiveness of muni debt for investors? >> there's a couple ways to look at it. one is on the fiscal cliff, the spending side. the sequestration cuts as they were written could have an impact on certain areas. not really sweeping the entire market necessarily. but certain sectors. take for instance defense, the one that's largely talked about. that would impact certain states like maryland and virginia that relies so heavily on defense and defense employment. so there are certain areas it could have an impact on. it creates demand because the taxes are going up. that tax bite takes different forms. that's going to create a change for the asset going forward. >> where is the best place to put your money forward in this space? how do you do it? >> look at two things. one is let's think about the yield curve and interest rates. we've seen a bit of volatility on interest rates lately. there's a thought we might see an environment of better economic growth
tell us about the fiscal cliff deal. does that actually improve the attractiveness of muni debt for investors? >> there's a couple ways to look at it. one is on the fiscal cliff, the spending side. the sequestration cuts as they were written could have an impact on certain areas. not really sweeping the entire market necessarily. but certain sectors. take for instance defense, the one that's largely talked about. that would impact certain states like maryland and virginia that relies so...
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Jan 4, 2013
01/13
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that fiscal cliff deal, well it is laidened with billions of dollars worth of pork. today we asked you on the yahoo! finance.com question, is pork the only way to pass important lemgs lags these dayes. 25% say sadly it is the only way to get things done in washington. 3% say acceptable in extreme measures but 72% of you say that pork should be banned. >> let's see what is coming up on "street signs." they always deliver the bacon. mandy? >> hi, sue. congress approved the initial $9.7 billion to go towards sandy insurance claims this morning. we had congressman greg meeks in support of that. we have another guest who said congress voted no. it is going to be an amazing debate. the euro turns 14 today. happy birthday, euro. has it been a success? what would it cost you, and i'm not just talking about the initial outlay, but upkeep, garden webs staff, dresses, everything that goes with it, well talk about that with robert frank as well. back to you on "power lunch." >> can't wait for that one, mandy. thank you very much. this is a booming section of the tobacco industry
that fiscal cliff deal, well it is laidened with billions of dollars worth of pork. today we asked you on the yahoo! finance.com question, is pork the only way to pass important lemgs lags these dayes. 25% say sadly it is the only way to get things done in washington. 3% say acceptable in extreme measures but 72% of you say that pork should be banned. >> let's see what is coming up on "street signs." they always deliver the bacon. mandy? >> hi, sue. congress approved the...
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Jan 3, 2013
01/13
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if this fiscal cliff deal is success, that is not a good way to govern. it's not how to run a rail road. >> gentlemen, thank you for being here. >> thank you. >>> up next, a special farewell to members of congress we won't miss. and one or two we will in the "sideshow." if you want to follow me on twitter, you just need to figure out how to spell smerconish. this is "hardball," the place for politics. [ male announcer ] what are happy kids made of? bikes and balloons, wholesome noodles on spoons. a kite, a breeze, a dunk of grilled cheese. catches and throws, and spaghettio's. that's what happy kids are made of. campbell's. it's amazing what soup can do. that's what happy kids are made of. is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. >> gentlemen, thank you for this is "hardball," the place tamiflu is prescription medicine for treating the flu in adults and children one ye
if this fiscal cliff deal is success, that is not a good way to govern. it's not how to run a rail road. >> gentlemen, thank you for being here. >> thank you. >>> up next, a special farewell to members of congress we won't miss. and one or two we will in the "sideshow." if you want to follow me on twitter, you just need to figure out how to spell smerconish. this is "hardball," the place for politics. [ male announcer ] what are happy kids made of? bikes...
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tonight, no deal. lawmakers are taking this country over the fiscal cliff. as one senator said today, something has gone terribly wrong when the biggest threat to our economy is our congress. let's get right to abc's chief white house correspondent jon karl covering this every step of the way. jon, many angry americans watching all of this. >> reporter: well, david, they just blew it. it is now clear that congress will fail to pass by midnight tonight something to prevent virtually everybody's taxes from going up. they have known for more than a year that tonight was the deadline and they just blew it. the deadline to prevent that massive $600 billion combination of tax hikes and spending cuts will be missed. but the scramble continues. to try to get a deal done and passed over the next day or two, that would put the tax cuts, at least, back in place retro actively. and today, they sure seemed close to a deal. >> i can report that we've reached an agreement on all of the tax -- the tax issue. >> reporter: and even though the deal was not finalized, the presi
tonight, no deal. lawmakers are taking this country over the fiscal cliff. as one senator said today, something has gone terribly wrong when the biggest threat to our economy is our congress. let's get right to abc's chief white house correspondent jon karl covering this every step of the way. jon, many angry americans watching all of this. >> reporter: well, david, they just blew it. it is now clear that congress will fail to pass by midnight tonight something to prevent virtually...
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Jan 3, 2013
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cliff deal. so i think the democrats are not in as strong a position as they think they are. >> politico this morning had a dramatic account of an exchange last week in the white house between john boehner and harry reid. this happened before the deal had been reached, i should point out. according to politico, boehner had strong words for the senate majority leader quote, go f yourself boehner. as he pointed his finger at reid. reid a bit startled replied what are you talking about and boehner then repeated it. go f yourself. they didn't cut the deal. in the end it was vice president biden and the senate majority leader. what does this say about the inability to work together? >> i also like the fact according to that story that boehner then went around bragging to everybody he said that to reid. i think they were both at the bottom of the food chain here of decision makers. they were fighting at the bottom of the chain while mitch mcconnell and joe biden were putting together the deal. i think
cliff deal. so i think the democrats are not in as strong a position as they think they are. >> politico this morning had a dramatic account of an exchange last week in the white house between john boehner and harry reid. this happened before the deal had been reached, i should point out. according to politico, boehner had strong words for the senate majority leader quote, go f yourself boehner. as he pointed his finger at reid. reid a bit startled replied what are you talking about and...
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Jan 7, 2013
01/13
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the market dodged a bullet with the fiscal cliff deal and yet you look at debt negotiations and many people think will have a much more dramatic impact on the market. people will focus on earnings. there is a speculation it is weaker than expected. people are gearing up for a very nasty and british political debate and i think they're, like rodney, a comedic actor. i think you will see a lot of drama in the market going forward. >> what do we need to see to get that respect back? to get the trust back, dan? >> you need miracle. you look at the democrats. i think they are stupid and republicans are inept. it goes to the 1 17b8g hour negotiation and the deal is put together. it is not going to be clean. and we will see the impact on likely sequester deal. potential downgrade of the u.s. debt. >> we can all pray for miracles. i'm not sure we will get one. dan, what do you think beyond miracles will bring the respect back? >> i think you saw a little bit of respect, certainly from a relief standpoint. a lot of the rally i think we look at now, dodging the fiscal cliff. i think people wer
the market dodged a bullet with the fiscal cliff deal and yet you look at debt negotiations and many people think will have a much more dramatic impact on the market. people will focus on earnings. there is a speculation it is weaker than expected. people are gearing up for a very nasty and british political debate and i think they're, like rodney, a comedic actor. i think you will see a lot of drama in the market going forward. >> what do we need to see to get that respect back? to get...
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10/13
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that's the fiscal cliff deal, that's sandy aid. that is now this deal. why can't speaker boehner bring the senate immigration bill to the floor tomorrow? >> well, certainly democrat are going to work very hard -- democrats are going to work very hard as the president indicated he will work to try to get this comprehensive immigration bill to the floor. but we know that there are many republican tea party members who are here who came here really quite frankly to dismantle the government, and who came they're destroy the government. i don't expect many votes from them. but there are plenty of moderate republicans who i think really understand the value of and the necessity and the requirement that we pass comprehensive immigration reform right away. and believe you me, all of us are going to work to make sure that happens. >> congressman mcdermott, here's a whip question you may or may not be able to answer. i mean, if this was brought to mind -- if john boehner had a conversion experience tonight after this whole debackle that he engineered and said you
that's the fiscal cliff deal, that's sandy aid. that is now this deal. why can't speaker boehner bring the senate immigration bill to the floor tomorrow? >> well, certainly democrat are going to work very hard -- democrats are going to work very hard as the president indicated he will work to try to get this comprehensive immigration bill to the floor. but we know that there are many republican tea party members who are here who came here really quite frankly to dismantle the government,...
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cliff deal. and we've got those that run very, very well on this deal and a reason to smile, we'll tell you when we get back. west wing celebrities love to profit off ultra violent films, later we'll explain how one group is calling out the hollywood hipocrits and the new laws for 2013 that will frighten you, straight ahead. t, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 combined mpg c-max hybrid. it's part of what you slove about her.essing. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask
cliff deal. and we've got those that run very, very well on this deal and a reason to smile, we'll tell you when we get back. west wing celebrities love to profit off ultra violent films, later we'll explain how one group is calling out the hollywood hipocrits and the new laws for 2013 that will frighten you, straight ahead. t, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to...
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Jan 3, 2013
01/13
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cliff deal. and we've got those that run very, very well on this deal and a reason to smile, we'll tell you when we get back. west wing celebrities love to profit off ultra violent films, later we'll explain how one group is calling out the hollywood hipocrits and the i called the car myself. i'll give you a lift, sir. who are you again? daniels, sir. accounts. who's this? this is daniels. key player over in accounts. ♪ daniels. director of accounts. [ male announcer ] the all-new nissan sentra. [ daniels ] good luck in there! c'mon, daniels. you're vp of accounts aren't you? [ male announcer ] it makes a powerful first impression. it's our most innovative sentra ever. nissan. innovation that excites. ♪ innovation that excites. and you wouldn't have it any other way.e. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same
cliff deal. and we've got those that run very, very well on this deal and a reason to smile, we'll tell you when we get back. west wing celebrities love to profit off ultra violent films, later we'll explain how one group is calling out the hollywood hipocrits and the i called the car myself. i'll give you a lift, sir. who are you again? daniels, sir. accounts. who's this? this is daniels. key player over in accounts. ♪ daniels. director of accounts. [ male announcer ] the all-new nissan...
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cliff deal that the senate passed earlier this morning the house went into recess last hour. sources say the rules committee is expected to meet anytime now on this. we've been told unlikely house republicans will have enough support to amend the bill to send it back to the senate. we still could get a up-or-down vote on this before markets opened. rich edson has been on capitol hill all day keeping track of this for us. rich for those tuning in a little foggy from celebrating last night. start things off with kind after recap. what is in the senate bill? what options are on the table for the house and what kind of progress have you seen so far, maybe lack thereof? >> die can, in about the last hour or two there has been real momentum shift to actually getting this thing done, perhaps having a vote on the senate bill. as you mentioned the rules committee meets in just about 10 minutes. they are scheduled to meet in 10 minutes that would really open up the pathway for this bill to make it onto the house floor and finally get an up-or-down vote. the recap on this, basically thi
cliff deal that the senate passed earlier this morning the house went into recess last hour. sources say the rules committee is expected to meet anytime now on this. we've been told unlikely house republicans will have enough support to amend the bill to send it back to the senate. we still could get a up-or-down vote on this before markets opened. rich edson has been on capitol hill all day keeping track of this for us. rich for those tuning in a little foggy from celebrating last night. start...
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Jan 2, 2013
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cliff deal and its aftermath. a lot of liberals in the house voted against this deal. many liberals said they thought it gave up too much, that the president conceded too much when you didn't have to. are you in that camp? do you think there was too much given up, politically speaking, or not? >> no, i really don't, chris. i think we're mistaken if anybody thinks that the president and, the way i look at it, the same members of congress have lost leverage in the next debate. the fiscal cliff, if it's communicated properly, the ramifications of not extending the debt ceiling, i'm sorry, in a couple months are so disastrous for the economy, we would be back, essentially, in 2009, where we were losing 700,000 jobs a month. because, essentially, once we reach that deadline, if we don't extend the debt ceiling, 28% of all federal spending, roughly, goes away. disappears. that's 6% or 7% of the entire economy. so the people would have to understand that. and i think many republicans do. so i'm not sure that's much lever
cliff deal and its aftermath. a lot of liberals in the house voted against this deal. many liberals said they thought it gave up too much, that the president conceded too much when you didn't have to. are you in that camp? do you think there was too much given up, politically speaking, or not? >> no, i really don't, chris. i think we're mistaken if anybody thinks that the president and, the way i look at it, the same members of congress have lost leverage in the next debate. the fiscal...
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Jan 3, 2013
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tonight's question, the fiscal cliff deal a victory for the middle class? text a for yes. text b for now to 622639. you can always go to our blog at ed.msnbc.com. we'll bring the results later on in the show. joining me tonight is debbie wasserman schultz of florida, chairwoman of the democratic national committee. congresswoman, good to have you with us tonight. congratulations. >> thanks for having me, thanks very much. >> i want to put for our viewers tonight in perspective just how big 39.6% is. a little history to this. this was passed in 1993. and the deciding vote was done by a congressional member from the pennsylvania 13th district. mezvinsky, marjorie margolies mezvinsky. she served one term from '93-'95. it was al gore who passed the deciding vote in the senate. last night you got 257 votes to raise taxes and get it back to 39.6%. that's how big a lift this was and what a big accomplishment it was. now congresswoman, what is the next step? >> it really can't be understated how significant this was. what this is, though, and it certainly a significant accomplishm
tonight's question, the fiscal cliff deal a victory for the middle class? text a for yes. text b for now to 622639. you can always go to our blog at ed.msnbc.com. we'll bring the results later on in the show. joining me tonight is debbie wasserman schultz of florida, chairwoman of the democratic national committee. congresswoman, good to have you with us tonight. congratulations. >> thanks for having me, thanks very much. >> i want to put for our viewers tonight in perspective just...
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investors apparently quite encouraged by the fiscal cliff deal reached. things are really looking up, way, way up. >>> what we're seeing happen on the board here today, it's exactly what we expected. they're on top of how the dow did. and this, of course, is all because of the deal to avert the fiscal cliff. all 30 of the stocks that ma they happened to be two of the worst performers from 2012. so maybe some bargain hunting going on. bank stocks are looking good right now. they touched a new 52-squeak high, so everything is up today of the almost 3,000 stocks that trade here, less than 200 are trading lower, so a strong way to begin the year. the question is, will it last? >> oh, you. i knew you were going to bring that up, you mean the three other fiscal cliffs we have to deal with? alison kosik, gosh. >> just the little details, you know, like the spending cuts and debt ceiling debate. >> you're still the most adorable person on wall street, in my opinion. >> you know what's funny is there's one analyst who says congress has all right done the the debt
investors apparently quite encouraged by the fiscal cliff deal reached. things are really looking up, way, way up. >>> what we're seeing happen on the board here today, it's exactly what we expected. they're on top of how the dow did. and this, of course, is all because of the deal to avert the fiscal cliff. all 30 of the stocks that ma they happened to be two of the worst performers from 2012. so maybe some bargain hunting going on. bank stocks are looking good right now. they touched...
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Jan 1, 2013
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fiscal cliff deal puts kibosh on pay raises. it hasn't passed house so technically it is still on the table. >>> if the house passes the senate fiscal cliff bill we avoid going over the dairy cliff. this will prevent from milk prices doubling to nearly eight bucks a gallon the senate version of the bill extends the farm bill for another year, keeping current dairy programs in place. farmers allow people to focus on giving customers what they need. >> we have become more innovative. we're into the marketplace we have new products. we have lactose-free milk, low-fat, low sugar flavored milks. that is exactly what you're going to do now. what do you want a as consumer. we'll take care of you. juliet: house speaker john boehner has pushed back voting a new five-year farm bill for months saying it doesn't have the support it needs to pass. >>> brian, what's going on over there, buddy? brian: well, i'll trying to help a lot of american people. are you physicianed and faded out today because of wild new year's eve. do you feel you're h
fiscal cliff deal puts kibosh on pay raises. it hasn't passed house so technically it is still on the table. >>> if the house passes the senate fiscal cliff bill we avoid going over the dairy cliff. this will prevent from milk prices doubling to nearly eight bucks a gallon the senate version of the bill extends the farm bill for another year, keeping current dairy programs in place. farmers allow people to focus on giving customers what they need. >> we have become more...
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. >> reporter: riding high after closing the fiscal cliff deal with congress, seemed to enjoy every minute today administering the oaths of office. and the high stakes, high profile work begins for the house tomorrow where they'll be voting on emergency relief for sandy victims, billions of dollars worth. and then over the next few weeks, both sides of congress will begin to work on things like raising the country's borrowing limit, the debt ceiling, and dealing with spending cuts that could include negotiations over programs like medicare. lester? >> all right, kelly, thanks. >>> one new member of congress, the junior senator from the state of maine, is already making a name for himself. tom brokaw is here tonight with more on a man who says he wants to do the people's business in a better way than we've seen lately. hi, tom. >> lester, we don't often think of maine and royalty in the same sentence. but tonight i am reporting on the king of maine. that would be angus king, near republican or democrat, officially independent. a former two-term governor, he promised a new approach. and it p
. >> reporter: riding high after closing the fiscal cliff deal with congress, seemed to enjoy every minute today administering the oaths of office. and the high stakes, high profile work begins for the house tomorrow where they'll be voting on emergency relief for sandy victims, billions of dollars worth. and then over the next few weeks, both sides of congress will begin to work on things like raising the country's borrowing limit, the debt ceiling, and dealing with spending cuts that...
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Jan 9, 2013
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that's more than a week later than usual due to delays tied to the fiscal cliff deal. >>> meanwhile, you may have heard about an idea getting some currency online that could solve the nation's fiscal cliff, the debt ceiling. the white house's decision to mint a $1 trillion coin has more than 6,000 signatures in the week since it launched. according to an expert, a coin worth 1 trillion bucks would be the size of a solid platinum 747 airplane. that's pretty heavy. >>> on the other hand, if you want to go broke, one new york restaurant is offering a restaurant is offering a four-course meal at $2,013 it comes with two pounds of lobster, truffles, wine and a plate designed by johnny versace. >>> if you're headed down under next month, the name underneath the golden arches won't be mcdonald's. in honor of australia day, mcdonald's signs are changing to maccas, an aussie name for the chain. >>> a bull on the loose gives a traffic cop the scare of a lifetime. >>> and the painful reason why rex ryan is hoping mark sanchez is upping his game next season. ♪ or turn 30-million artifacts... â
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that averted the fiscal cliff and he said talking to the politicians doesn't work. he says the timing has come to educate american public and teach them what. >> that our country is going to hell. yes, he made me say that. dick covass very much is a former ceo at wells fargo and joins us now. you're not happy. explain. >> well, the politicians have worked for the better part of this year and spent the entire month of december supposedly to try to fix some of our problems and reduce our deficit. i am stunned and shocked by basically nothing has been done. if you net out what happened with the increase in revenue and the offsets, we've increased and reduced our deficit by $40 billion a year with over a $1 trillion deficit, that's less than 4%, and i think what we need to do in terms of education is to look at our government more like a family. our government takes in about $2.2 trillion a year. it spends $3.8 trillion, and it has a $14.3 trillion deficit. let's just take all those zeros away and pretend that our government is a family. so this family earns 22,000 a ye
that averted the fiscal cliff and he said talking to the politicians doesn't work. he says the timing has come to educate american public and teach them what. >> that our country is going to hell. yes, he made me say that. dick covass very much is a former ceo at wells fargo and joins us now. you're not happy. explain. >> well, the politicians have worked for the better part of this year and spent the entire month of december supposedly to try to fix some of our problems and reduce...
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the domestic and defense cuts postpone for two months by the fiscal cliff deal kick in. also known as sequester around these parts. of course, march 27th, the big the continuing resolution that funds the entire government expires. that may be where things truly heat up. mitch mcconnell drew a line in the sand saying though republicans are willing to work on tax reform as part of upcoming budget negotiations, new tax revenue is, "absolutely off the table." >> we've resolved the tax issue now. it's over, it's behind us. >> the tax issue is over. >> the tax issue is over, finished, completed. >> that may be mcconnell's view and not the view from the white house or democrats. they say new revenue is needed, mainly by scaling back tax breaks for the welty. >> these loopholes where people can park their money on some island off shore and not pay taxes, these are things that need to be closed. we can do that and use the money to reduce the deficit. >> is that done now? is the revenue side of it taken care of yet? >> no, no. >> if mitch mcconnell is going to draw that line in th
the domestic and defense cuts postpone for two months by the fiscal cliff deal kick in. also known as sequester around these parts. of course, march 27th, the big the continuing resolution that funds the entire government expires. that may be where things truly heat up. mitch mcconnell drew a line in the sand saying though republicans are willing to work on tax reform as part of upcoming budget negotiations, new tax revenue is, "absolutely off the table." >> we've resolved the...
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goldman sachs says this fiscal cliff deal will take 200 billion in disposable income out of the economy, 200 billion, that's the holiday season, that's the, you know. >> yeah, it is. charles: post black friday season. 200 billion, what kind of an impact. >> remember while you take 200 billion out of the economy with the payroll tax hike coming back up, but also do remember that you have 200 billion more in bonds available that can be used for capital investment, et cetera. remember, the world is double entry accounting. you can't bail someone out of trouble without putting someone else into trouble. the problem here is government spending and the way i like to explain it and i think it's clear is if you have two people in the world, that's it, only two people, farmer a and farmer b. if farmer b gets unemployment benefits, who do you think pays for them? farmer a. you know, just giving that person unemployment benefits doesn't stimulate the economy, it hurts the economy. lowering that payroll tax, i believe, hurts the economy, raising it back up is what should be done. charles: okay, but
goldman sachs says this fiscal cliff deal will take 200 billion in disposable income out of the economy, 200 billion, that's the holiday season, that's the, you know. >> yeah, it is. charles: post black friday season. 200 billion, what kind of an impact. >> remember while you take 200 billion out of the economy with the payroll tax hike coming back up, but also do remember that you have 200 billion more in bonds available that can be used for capital investment, et cetera. remember,...
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cliff deal? >> well, first of all, it's just good to talk about some good news. i mean, i'm here in washington, d.c. people are depressed. it's like coming to a funeral. nothing is good in america. >> really? it's that bad? >> it's bad. listen, we did do some good things, and one of them is we got a bipartisan deal to keep our wind industry alive. there are 70,000 americans that woke up and went to work in the wind industry and they get to keep going on work. >> talk about the jobs. what does this mean exactly? what kinds of jobs are these, and how long do they last? this is an extension that's kind of short, yeah? >> you know, we really shouldn't be doing it year to year. we should do if in five-year chunks, but at least we move forward. china has already just cannibalized our solar industry because we didn't defend it, but we stepped up and defended the wind industry. what that means is people when you think about a wind turbine, you think it's like a windmill. no it's not. 8,000 finely machine
cliff deal? >> well, first of all, it's just good to talk about some good news. i mean, i'm here in washington, d.c. people are depressed. it's like coming to a funeral. nothing is good in america. >> really? it's that bad? >> it's bad. listen, we did do some good things, and one of them is we got a bipartisan deal to keep our wind industry alive. there are 70,000 americans that woke up and went to work in the wind industry and they get to keep going on work. >> talk...
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we're waiting for the house of representatives to vote on the fiscal cliff deal that the senate passed early this morning. top republicans have already come out against senate bill. the fate is very uncertain. let's get latest from rich edson on capitol hill keeping track of all this for us. markets closed on the upside on hopes we would have a deal. does it look like we will by the time markets open tomorrow? >> diane this, is all hon hold. republicans ha the major concern mainly the lack of spending cuts. they all get together, 5:15, 15 minutes from now. they will start to hash this out or continue to hash this out and there is really no sense what house republicans will do with this. house democrats had a meeting this morning with vice president joe biden. they say they're not sure the number of sport they can get from house democrats. but they say that the republicans should allow a bill to hit the floor the one that passed the senate last evening with 89 votes. we talked to a number of different republicans who want to change this bill, alter it. if that happens, if republicans de
we're waiting for the house of representatives to vote on the fiscal cliff deal that the senate passed early this morning. top republicans have already come out against senate bill. the fate is very uncertain. let's get latest from rich edson on capitol hill keeping track of all this for us. markets closed on the upside on hopes we would have a deal. does it look like we will by the time markets open tomorrow? >> diane this, is all hon hold. republicans ha the major concern mainly the...
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that's how the markets will probably react to the fiscal cliff deal. yes, to be sure, the worst effects have been put off, but only for a while. there's still those spending cuts. they've been kicked down the road by two months. there's the $16.4 trillion debt ceiling, which has to be raised. that's been kicked off a couple of months. and then you've got the appropriations, the whole budget process, which will come back before the spring is over. so time and again, the markets in europe are saying we've seen how difficult it is to do these deals. look at what happened with greece, with bailouts, with sovereign debt crises, with the euro zone. it was only at the very last possible minute that compromise was reached, that the big bargain was done. and if you look at the united states, even at a time of, a moment when really both sides needed to do more than the minimum, the markets will be saying they failed to do so. so, yes, they will be relieved, there won't be any immediate reaction, but the markets are certainly putting the politicians on notice tha
that's how the markets will probably react to the fiscal cliff deal. yes, to be sure, the worst effects have been put off, but only for a while. there's still those spending cuts. they've been kicked down the road by two months. there's the $16.4 trillion debt ceiling, which has to be raised. that's been kicked off a couple of months. and then you've got the appropriations, the whole budget process, which will come back before the spring is over. so time and again, the markets in europe are...
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Jan 17, 2013
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cliff deal. so paul ryan recognizes the sign of the times and i think he's fleeing the far right of the party. it's certainly not going to work in this day and age. >> but angela, you worked the hill and were the head of the congressional black caucus. when they get back to d.c., the friends of their party will still be there. political reports gop leaders are authentically at a loss on how to control members who don't respond to the normal incentives of wanting to help party leaders or of avoiding situations like default. that could be a public relations nightmare. now, how do you deal with this? you've been in those rooms with congress people. how do they deal with the fringe groups that are marching to the beat of a different drum? >> i think paul ryan also said today that they're at risk of potentially losing the house. i think they need to have a come-to-jesus moment to say if we can't figure out a way to reach compromise, that is the reason why we're elected, that's why we're supposed to wo
cliff deal. so paul ryan recognizes the sign of the times and i think he's fleeing the far right of the party. it's certainly not going to work in this day and age. >> but angela, you worked the hill and were the head of the congressional black caucus. when they get back to d.c., the friends of their party will still be there. political reports gop leaders are authentically at a loss on how to control members who don't respond to the normal incentives of wanting to help party leaders or...